Macro Events & News

Andria Pichidi HFM

FX News Today

Bund yields lower in opening trade, Equity markets mostly higher in Asia.

Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal.

Wall Street closed higher, helped by positive earnings at Walmart Inc.

President Trump meanwhile suggested that the March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided.

Japan’s exports fell 8.4% in January, while imports declined 0.6% y/y. The contraction in exports seems consistent with escalating concern that Japan’s export sector will be dented this year by global trade frictions and the slowing in China’s economy.

The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its Yuan currency as part of the trade deal.

USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme

WTI crude edged out a fresh 3-month high of $56.77.

Charts of the Day

Main Macro Events Today

Juncker and May meet for another round of crunch talks in Brussels today.

EU Consumer Confidence – The overall Eurozone number Consumer Price Index m/m on course to be confirmed at 1.4% y/y.

FOMC minutes – The focus turns on the FOMC minutes from the January 29, 30 policy meeting as we look to glean more information on the Fed’s pivot to a more dovish point of view, even as rates were left unchanged. We did get a glimpse from Chairman Powell’s press conference, where he noted tighter financial conditions, along with tame inflation. He also said the onus is on price pressures to force a rate move.

Australian labour data – The unemployment rate is seen holding steady at 5.0%.

Support and Resistance

Author

Andria Pichidi

HFM

Having completed her five-year-long studies in the UK, Andria Pichidi has been awarded a BSc in Mathematics and Physics from the University of Bath and a MSc degree in Mathematics, while she holds a postgraduate diploma (PGdip) in

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